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JPMorgan Chase posts profit drop slimmer than expected
JPMorgan Chase, which bought the banking operations of bankrupt rival Washington Mutual last month, posted a sharp drop in third-quarter profit Wednesday.

JPMorgan Chase posts surprise profit
JPMorgan Chase reported a surprise quarterly profit Wednesday, even as the company suffered a hit related to its purchase of failed savings and loan giant Washington Mutual and took $3.6 billion in writedowns.

Profit sinks for JPMorgan Chase
JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans.

JPMorgan Chase takes $640M loss on WaMu purchase
JPMorgan Chase took a $640 million after-tax loss in the third quarter as a result of its purchase of Seattle-based Washington Mutual, a company it owned for only three business days before the end of the reporting period on Sept. 30. (JPM)

JPMorgan Quarterly Profit Drops After WaMu Takeover (Update2)
Oct. 15 (Bloomberg) -- JPMorgan Chase & Co. , the largest U.S. bank by market value, eked out a third-quarter profit as the takeover of Washington Mutual Inc. cushioned about $5.8 billion of writedowns, losses and credit provisions.

JPMorgan's Dimon Plans for More Loan Losses as Economy Weakens
Oct. 15 (Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he will set aside more money to cover loan losses as the biggest U.S. bank by market value braces for the economic slump to get ``a lot worse.''

JPMorgan Cuts Oil Forecasts on Global Recession (Update2)
Oct. 15 (Bloomberg) -- JPMorgan Chase & Co ., the largest U.S. bank by market value, cut its oil forecasts for the fourth quarter to $79 a barrel and to $74.75 a barrel for 2009 as a global recession reduces demand.